Double whammy: IIP shrinks, retail inflation at near 6-year peak

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Published: February 13, 2020 6:30:36 AM

Industrial output shrank 0.3% year-on-year in December 2019, reversing a modest rise in November and recording its fourth contraction in five months, while retail inflation spiked to a near six-year high of 7.59% in January.

This dashes hopes for an early industrial recovery and also complicates the task of the RBI in balancing the growth-inflation dynamics.This dashes hopes for an early industrial recovery and also complicates the task of the RBI in balancing the growth-inflation dynamics.

Industrial output shrank 0.3% year-on-year in December 2019, reversing a modest rise in November and recording its fourth contraction in five months, while retail inflation spiked to a near six-year high of 7.59% in January.

This dashes hopes for an early industrial recovery and also complicates the task of the RBI in balancing the growth-inflation dynamics.

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